Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.
Each company listed discloses RC in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named RC in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Andrew Ahlborn | $550,000 | $0 | $1,200,000 | $0 | $946,000 | $0 | $70,435 | $2,766,435 |
| Chief Financial Officer | ||||||||
| Gary Taylor | 450,000 | 0 | 800,000 | 0 | 747,000 | 0 | 65,640 | 2,062,640 |
| Former Chief Operating Officer | ||||||||
| Adam Zausmer | 550,000 | 0 | 1,200,000 | 0 | 0 | 0 | 70,660 | 1,820,660 |
| Former Chief Credit Officer | ||||||||
| Thomas Capasse | — | — | — | — | — | — | — | 0 |
| Chairman, Chief Executive Officer and Chief Investment Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Andrew Ahlborn | $2,766,435 | $2,328,575 | $3,858,327 | +437,860 |
| Gary Taylor | 2,062,640 | 2,040,431 | 2,577,578 | +22,209 |
| Adam Zausmer | 1,820,660 | 2,279,669 | 3,858,421 | −459,009 |
| Thomas Capasse | 0 | 0 | — | +0 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
No insider equity transactions reported since the proxy statement.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Adam Zausmer | PRSU | — | — | — | — | — | $1,200,000 |
| Andrew Ahlborn | PRSU | — | — | — | — | — | 1,200,000 |
| Gary Taylor | PRSU | — | — | — | — | — | 800,000 |
Grant-level vehicle detail not disclosed.
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Adam Zausmer | RSU | 89,286 | — | $194,643 |
| Adam Zausmer | RSU | 29,432 | — | 64,162 |
| Andrew Ahlborn | RSU | 89,286 | — | 194,643 |
| Gary Taylor | RSU | 10,272 | — | 22,393 |
| Andrew Ahlborn | RSU | 29,432 | — | 64,162 |
| Gary Taylor | RSU | 59,524 | — | 129,762 |
| Gary Taylor | RSU | 29,432 | — | 64,162 |
| Adam Zausmer | RSU | 10,272 | — | 22,393 |
| Andrew Ahlborn | RSU | 10,272 | — | 22,393 |
our Manager's compensation philosophy is to seek to align the interests of its professionals with those of its investors and investors in the vehicles that it manages, including us
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Farient |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2025 | 2025-06-25 | 73,946,844 | 9,902,349 | 875,236 | 88.19% | Passed |
| 2024 | 2024-07-25 | 74,979,133 | 13,083,776 | 1,178,260 | 85.14% | Passed |
| 2023 | 2023-08-22 | 80,865,180 | 3,334,299 | 1,331,642 | 96.04% | Passed |
| 2022 | 2022-06-23 | 41,452,776 | 6,867,068 | 2,481,630 | 85.79% | Passed |
| 2021 | 2021-07-14 | 37,179,745 | 6,367,726 | 2,209,367 | 85.38% | Passed |
| 2020 | 2020-07-15 | 32,272,911 | 4,964,659 | 297,043 | 86.67% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2025 | 2025-06-25 | 88.19%a |
| 2024 | 2024-07-25 | 85.14%b |
| 2023 | 2023-08-22 | 96.04%c |
a. Approved under the standard stated in the filing — “Abstentions will have no effect on the voting results for any of the proposals.”.
b. Approved under the standard stated in the filing — “Abstentions will have no effect on the voting results for any of the proposals.”.
c. Approved under the standard stated in the filing — “Abstentions will have no effect on the voting results for any of the proposals.”.
Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
| Ratio (CEO : median employee) | — |
|---|---|
| CEO total compensation | — |
| Median employee compensation | — |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Dominique MielleIndependent · Audit (Chair) · Compensation | $135,000 | $120,000 | $0 | $0 | $0 | $255,000 |
| Meredith MarshallIndependent · Audit · Compensation · Nominating and Corporate Governance | 130,000 | 120,000 | 0 | 0 | 0 | 250,000 |
| Todd M. SinaiIndependent · Compensation (Chair) · Nominating and Corporate Governance | 127,500 | 120,000 | 0 | 0 | 0 | 247,500 |
| J. Mitchell ReeseIndependent · Lead Independent Director · Audit · Nominating and Corporate Governance (Chair) | 127,500 | 120,000 | 0 | 0 | 0 | 247,500 |
| Gilbert E. NathanIndependent · Audit · Nominating and Corporate Governance | 120,000 | 120,000 | 0 | 0 | 0 | 240,000 |
| Jack J. RossEmployee director | 0 | 0 | 0 | — | 0 | 0 |
| Thomas E. CapasseEmployee director · Board Chair | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | $95,000 |
|---|---|
| Annual equity retainer | $115,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 25,000 / 15,000 / 10,000 |
| Stock ownership guideline | adopted a number of corporate governance guidelines...including minimum equity ownership guidelines for our directors |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $640,000 |
| Equity awards (grant-date value) | $600,000 |
| All other compensation | $0 |
| Total cost of the board | $1,240,000 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Of the companies Ready Capital Corp. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.
Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Ready Capital Corp..
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Rithm Capital | 2025 | Michael Nierenberg | $1,000,000 | $12,000,007 | $0 | $7,440,000 | $20,450,903 |
| 2 | Walker & Dunlop, Inc. | 2025 | William Walker | 1,000,000 | 13,170,931 | 0 | 1,324,821 | 15,500,252 |
| 3 | AGNC Investment Corp. | 2025 | Peter Federico | 900,000 | 5,750,000 | 0 | — | 14,208,500 |
| 4 | Ladder Capital Corp. | 2025 | Brian Harris | 1,000,000 | 8,816,833 | 0 | 4,124,700 | 13,944,233 |
| 5 | Arbor Realty Trust, Inc. | 2025 | Ivan Kaufman | 1,200,000 | 5,259,152 | 0 | 0 | 11,785,559 |
| 6 | Radian Group Inc. | 2025 | Richard Thornberry | 1,000,000 | 7,085,347 | — | 3,120,000 | 11,318,967 |
| 7 | Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 2025 | Jeffrey Lipson | 807,308 | 6,032,138 | 0 | 2,709,875 | 9,566,821 |
| 8 | Adamas Trust, Inc. | 2025 | Jason Serrano | 920,000 | 4,102,962 | 0 | 2,992,500 | 8,175,252 |
| 9 | Dynex Capital, Inc. | 2025 | Byron Boston | 900,000 | 3,122,248 | 0 | 3,192,480 | 7,771,011 |
| 10 | MFA Financial, Inc. | 2025 | Craig Knutson | 825,000 | 4,080,011 | — | 1,605,123 | 7,079,634 |
| 11 | Chimera Investment Corporation | 2025 | Phillip Kardis II | 900,000 | 3,890,781 | 0 | 1,356,180 | 6,167,961 |
| 12 | Redwood Trust, Inc. | 2025 | Christopher Abate | 975,000 | 3,262,481 | 0 | 1,808,016 | 6,131,948 |
| 13 | BrightSpire Capital, Inc. | 2025 | Michael Mazzei | 800,000 | 3,283,905 | 0 | 1,750,000 | 5,849,879 |
| 14 | Two Harbors Investment Corp. | 2024 | William Greenberg | 919,038 | 3,066,561 | 0 | 1,799,680 | 5,785,279 |
| 15 | Ready Capital Corp. | 2025 | Thomas Capasse | — | — | — | — | 0 |
Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Ready Capital Corp. | not disclosed | RSU 50 · PSU 50 | Yes — Relative TSR | Farient |
| Adamas Trust, Inc. | 130% | PSU 60 · RSU 40 | Yes | Pearl Meyer |
| AGNC Investment Corp. | not disclosed | PSU 67 · RSU 33 | No | FW Cook |
| Arbor Realty Trust, Inc. | not disclosed | RSU 100 | Yes — Total Shareholder Return (TSR) | not disclosed |
| BrightSpire Capital, Inc. | 97.2% | RSU 50 · PSU 50 | Yes | Ferguson Partners |
| Chimera Investment Corporation | 65% | RSU 50 · PSU 50 | Yes — Relative TSR | Frederic W. Cook & Co. |
| Dynex Capital, Inc. | 355% | PSU 60 · RSU 40 | No | FPC |
| Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 190% | LTIP Units 100 | Yes — Relative TSR | Pay Governance |
| Ladder Capital Corp. | not disclosed | RSU 100 | not disclosed | FTI Consulting, Inc. |
| MFA Financial, Inc. | 107.0% | PSU 60 · RSU 40 | Yes — Absolute TSR | Frederic W. Cook & Co., Inc. (FW Cook) |
| Radian Group Inc. | not disclosed | PSU 60 · RSU 40 | not disclosed | Willis Towers Watson |
| Redwood Trust, Inc. | 86% | PSU 55 · RSU 45 | Yes — relative TSR (rTSR) | Semler Brossy Consulting Group LLC |
| Rithm Capital | 186% | PSU 75 · RSU 25 | No | FW Cook |
| Two Harbors Investment Corp. | 94.7% | PSU 50 · RSU 50 | Yes — Three-year Absolute TSR | Pay Governance LLC |
| Walker & Dunlop, Inc. | 132% | not disclosed | No | Pay Governance |
Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Andrew Ahlborn | DEF 14A | 2026-06-01 | 0001628280-26-039531 | Section “SUMMARY COMPENSATION TABLE” · page 30. As printed: 2,766,435. Filing ↗machine: span 962389–962398 |
| 2 | Section 01, Gary Taylor | DEF 14A | 2026-06-01 | 0001628280-26-039531 | Section “SUMMARY COMPENSATION TABLE” · page 30. As printed: 2,062,640. Filing ↗machine: span 987063–987072 |
| 3 | Section 01, Adam Zausmer | DEF 14A | 2026-06-01 | 0001628280-26-039531 | Section “SUMMARY COMPENSATION TABLE” · page 30. As printed: 1,820,660. Filing ↗machine: span 1009478–1009487 |
| 4 | Section 01, Thomas Capasse | DEF 14A | 2026-06-01 | 0001628280-26-039531 | Section “Executive Compensation”. As printed: 0. Filing ↗ |
| 5 | Section 03, Adam Zausmer PRSU | DEF 14A | 2026-06-01 | 0001628280-26-039531 | Section “Summary Compensation Table” · grants of plan-based awards table. Filing ↗machine: t70 · r4 · c4 · span 868600–868609 |
| 6 | Section 03, Andrew Ahlborn PRSU | DEF 14A | 2026-06-01 | 0001628280-26-039531 | Section “Summary Compensation Table” · grants of plan-based awards table. Filing ↗machine: t78 · r4 · c10 · span 959056–959065 |
| 7 | Section 03, Gary Taylor PRSU | DEF 14A | 2026-06-01 | 0001628280-26-039531 | Section “Summary Compensation Table” · grants of plan-based awards table. Filing ↗machine: t70 · r3 · c4 · span 866202–866209 |
| 8 | Section 07, pay ratio | DEF 14A | 2026-06-01 | 0001628280-26-039531 | Section “CEO Pay Ratio”. As printed: —. Filing ↗ |
| 9 | Section 08, Dominique Mielle | DEF 14A | 2026-06-01 | 0001628280-26-039531 | Section “Director Compensation”. As printed: 255,000. Filing ↗machine: t37 · r4 · c9 · span 520872–520879 |
| 10 | Section 08, Meredith Marshall | DEF 14A | 2026-06-01 | 0001628280-26-039531 | Section “Director Compensation”. As printed: 250,000. Filing ↗ |
| 11 | Section 08, Todd M. Sinai | DEF 14A | 2026-06-01 | 0001628280-26-039531 | Section “Director Compensation”. As printed: 247,500. Filing ↗machine: t37 · r7 · c9 · span 530876–530883 |
| 12 | Section 08, J. Mitchell Reese | DEF 14A | 2026-06-01 | 0001628280-26-039531 | Section “Director Compensation”. As printed: 247,500. Filing ↗machine: t37 · r6 · c9 · span 527544–527551 |
| 13 | Section 08, Gilbert E. Nathan | DEF 14A | 2026-06-01 | 0001628280-26-039531 | Section “Director Compensation”. As printed: 240,000. Filing ↗machine: t37 · r5 · c9 · span 524208–524215 |
| 14 | Section 08, Jack J. Ross | DEF 14A | 2026-06-01 | 0001628280-26-039531 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 15 | Section 08, Thomas E. Capasse | DEF 14A | 2026-06-01 | 0001628280-26-039531 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 16 | Section 06, 2025 vote | Form 8-K | 2025-07-01 | 0001628280-25-033766 | Item 5.07 · say-on-pay result. As reported: 88.19% (votes for as printed: 73,946,844). Filing ↗ |
| 17 | Section 06, 2024 vote | Form 8-K | 2024-07-30 | 0001104659-24-083972 | Item 5.07 · say-on-pay result. As reported: 85.14% (votes for as printed: 74,979,133). Filing ↗ |
| 18 | Section 06, 2023 vote | Form 8-K | 2023-08-23 | 0001104659-23-094335 | Item 5.07 · say-on-pay result. As reported: 96.04% (votes for as printed: 80,865,180). Filing ↗ |
| 19 | Section 01 trend, Δ column (computed) | Computed | — | computed | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 20 | Section 09b board cost (computed) | Computed | — | computed | Cash 640,000 + equity 600,000 + all other 0 = 1,240,000, summed across the director compensation table rows.machine: formula: Σ = 1,240,000 |
| 21 | Rithm Capital, Section 10b CEO total | DEF 14A | 2026-04-09 | 0001104659-26-041536 | CEO total compensation as printed in Rithm Capital's own proxy. As printed: 20,450,903. Filing ↗machine: span 416665–416675 |
| 22 | Walker & Dunlop, Inc., Section 10b CEO total | DEF 14A | 2026-04-01 | 0001104659-26-038515 | CEO total compensation as printed in Walker & Dunlop, Inc.'s own proxy. As printed: 15,500,252. Filing ↗machine: t197 · r6 · c14 · span 849398–849408 |
| 23 | AGNC Investment Corp., Section 10b CEO total | DEF 14A | 2026-03-06 | 0001423689-26-000058 | CEO total compensation as printed in AGNC Investment Corp.'s own proxy. As printed: 14,208,500. Filing ↗machine: r2 · c18 · span 710764–710774 |
| 24 | Ladder Capital Corp., Section 10b CEO total | DEF 14A | 2026-04-21 | 0001577670-26-000018 | CEO total compensation as printed in Ladder Capital Corp.'s own proxy. As printed: 13,944,233. Filing ↗machine: r3 · c36 · span 603013–603023 |
| 25 | Arbor Realty Trust, Inc., Section 10b CEO total | DEF 14A | 2026-04-16 | 0001253986-26-000027 | CEO total compensation as printed in Arbor Realty Trust, Inc.'s own proxy. As printed: 11,785,559. Filing ↗machine: span 343111–343121 |
| 26 | Radian Group Inc., Section 10b CEO total | DEF 14A | 2026-04-02 | 0001193125-26-140155 | CEO total compensation as printed in Radian Group Inc.'s own proxy. As printed: 11,318,967. Filing ↗ |
| 27 | Hannon Armstrong Sustainable Infrastructure Capital, Inc., Section 10b CEO total | DEF 14A | 2026-04-13 | 0001561894-26-000061 | CEO total compensation as printed in Hannon Armstrong Sustainable Infrastructure Capital, Inc.'s own proxy. As printed: 9,566,821. Filing ↗machine: r2 · c18 · span 998911–998920 |
| 28 | Adamas Trust, Inc., Section 10b CEO total | DEF 14A | 2026-04-24 | 0001273685-26-000038 | CEO total compensation as printed in Adamas Trust, Inc.'s own proxy. As printed: 8,175,252. Filing ↗machine: span 827801–827810 |
| 29 | Dynex Capital, Inc., Section 10b CEO total | DEF 14A | 2026-04-07 | 0001104659-26-040189 | CEO total compensation as printed in Dynex Capital, Inc.'s own proxy. As printed: 7,771,011. Filing ↗machine: t104 · r2 · c19 · span 1099489–1099498 |
| 30 | MFA Financial, Inc., Section 10b CEO total | DEF 14A | 2026-04-17 | 0001140361-26-015388 | CEO total compensation as printed in MFA Financial, Inc.'s own proxy. As printed: 7,079,634. Filing ↗machine: r2 · c22 · span 815805–815814 |
| 31 | Chimera Investment Corporation, Section 10b CEO total | DEF 14A | 2026-04-23 | 0001206774-26-000238 | CEO total compensation as printed in Chimera Investment Corporation's own proxy. As printed: 6,167,961. Filing ↗machine: t63 · r1 · c7 · span 507844–507854 |
| 32 | Redwood Trust, Inc., Section 10b CEO total | DEF 14A | 2026-03-31 | 0000930236-26-000011 | CEO total compensation as printed in Redwood Trust, Inc.'s own proxy. As printed: 6,131,948. Filing ↗machine: span 755087–755096 |
| 33 | BrightSpire Capital, Inc., Section 10b CEO total | DEF 14A | 2026-04-01 | 0001717547-26-000026 | CEO total compensation as printed in BrightSpire Capital, Inc.'s own proxy. As printed: 5,849,879. Filing ↗machine: t89 · r7 · c18 · span 543725–543734 |
| 34 | Two Harbors Investment Corp., Section 10b CEO total | DEF 14A | 2025-04-02 | 0001465740-25-000090 | CEO total compensation as printed in Two Harbors Investment Corp.'s own proxy. As printed: 5,785,279. Filing ↗machine: r2 · c42 · span 566941–566950 |
| 35 | Ready Capital Corp. (subject), Section 10b CEO total | DEF 14A | 2026-06-01 | 0001628280-26-039531 | CEO total compensation as printed in Ready Capital Corp.'s own proxy. As printed: 0. Filing ↗ |
| 36 | Section 10a, Redwood Trust, Inc. reciprocity | DEF 14A | — | 0000930236-26-000011 | Redwood Trust, Inc.'s most recent proxy was read; its disclosed peer group does not include Ready Capital Corp.. Filing ↗ |
| 37 | Section 10a, AGNC Investment Corp. reciprocity | DEF 14A | — | 0001423689-26-000058 | AGNC Investment Corp.'s most recent proxy was read; its disclosed peer group does not include Ready Capital Corp.. Filing ↗ |
| 38 | Section 10a, Radian Group Inc. reciprocity | DEF 14A | — | 0001193125-26-140155 | Radian Group Inc.'s most recent proxy was read; its disclosed peer group does not include Ready Capital Corp.. Filing ↗ |
| 39 | Section 10a, Two Harbors Investment Corp. reciprocity | DEF 14A | — | 0001465740-25-000090 | Two Harbors Investment Corp.'s most recent proxy was read; its disclosed peer group does not include Ready Capital Corp.. Filing ↗ |
| 40 | Section 10a, Ladder Capital Corp. reciprocity | DEF 14A | — | 0001577670-26-000018 | Ladder Capital Corp.'s most recent proxy was read; its disclosed peer group does not include Ready Capital Corp.. Filing ↗ |
| 41 | Section 10a, BrightSpire Capital, Inc. reciprocity | DEF 14A | — | 0001717547-26-000026 | BrightSpire Capital, Inc.'s most recent proxy was read; its disclosed peer group does not include Ready Capital Corp.. Filing ↗ |
| 42 | Section 10a, Dynex Capital, Inc. reciprocity | DEF 14A | — | 0001104659-26-040189 | Dynex Capital, Inc.'s most recent proxy was read; its disclosed peer group does not include Ready Capital Corp.. Filing ↗ |
| 43 | Section 10a, Adamas Trust, Inc. reciprocity | DEF 14A | — | 0001273685-26-000038 | Adamas Trust, Inc.'s most recent proxy was read; its disclosed peer group does not include Ready Capital Corp.. Filing ↗ |
| 44 | Section 10a, MFA Financial, Inc. reciprocity | DEF 14A | — | 0001140361-26-015388 | MFA Financial, Inc. names Ready Capital Corp. in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 45 | Section 10a, Walker & Dunlop, Inc. reciprocity | DEF 14A | — | 0001104659-26-038515 | Walker & Dunlop, Inc.'s most recent proxy was read; its disclosed peer group does not include Ready Capital Corp.. Filing ↗ |
| 46 | Section 10a, Chimera Investment Corporation reciprocity | DEF 14A | — | 0001206774-26-000238 | Chimera Investment Corporation's most recent proxy was read; its disclosed peer group does not include Ready Capital Corp.. Filing ↗ |